Public corporations have the ability to raise large quantities of cash by selling stocks and bonds

Assume that the value of diagnostic equipment listed as an asset on the balance sheet suddenly falls because of technological obsolescence. How is the balance sheet adjusted to preserve the accounting identity?

A. Short-term liabilities are reduced. B. Long-term liabilities are reduced. C. Equity is reduced. D. Inventories are reduced. E. Cash is reduced.

During the off-season, Parrish Farms, a bed-and-breakfast inn, offers a 25 percent reduction on its weekend rates to entice customers to make last-minute reservations at its website. This is an example of pricing strategy used as which of the following?

a. a direct sales tool b. a promotion strategy c. a product strategy d. an Internet enhancer